Exercise 3-5 (Video) In Shady Company, materials are entered at the beginning of each process. Work in process inventories, with the percentage of work done on conversion costs, and production data for its Sterilizing Department in selected months during 2020 are as follows. Beginning Ending Work in Process Work in Process Conversion Units Conversion Month Units Cost Transferred Out Units Cost January D 11,300 2,100 63 March 12,900 4.000 40 May 0 15,400 7.550 80 July 0 11,500 2,300 44 O Compute the physical units for January and May January May Units to be accounted for Beginning work in process Started into production Total units Units accounted for Units accounted for Transferred out Ending work in process Total units LINK TO TEXT LINK TO TEXT Compute the equivalent units of production for (1) materials and (2) conversion costs f Materials Conversion Costs January March May July LINK TO TEXT LINK TO TEXT